Oil & Gas Materials Management & Inventory Optimization Training Course

Course Overview

Learning Objectives

• By the end of the course, participants will be able to:
• Understand materials management principles within the oil and gas industry.
• Analyze material requirements for production, maintenance, projects, and shutdowns.
• Apply effective materials classification and coding systems.
• Develop demand forecasting and materials planning approaches.
• Optimize inventory levels for critical materials and spare parts.
• Calculate and manage safety stock and reorder points.
• Evaluate lead times, service levels, and supply risks.
• Identify excess, obsolete, slow-moving, and critical inventory.
• Improve coordination between materials management, procurement, maintenance, and operations.
• Apply inventory performance indicators and analytical techniques.
• Reduce inventory costs while maintaining required service levels.
• Develop sustainable strategies for materials management and inventory optimization.

Who Should Attend

Learning Outcomes

• Upon completion of the course, participants will be able to:
• Assess materials management processes across oil and gas operations.
• Analyze material requirements for maintenance, production, projects, and turnarounds.
• Develop effective material classification and coding structures.
• Forecast material demand using operational and historical data.
• Determine appropriate inventory levels for critical and non-critical materials.
• Calculate safety stock, reorder points, and inventory parameters.
• Evaluate supplier lead times and their impact on inventory requirements.
• Identify excess, obsolete, slow-moving, and critical inventory.
• Develop strategies for inventory reduction without compromising operational reliability.
• Improve coordination between materials, procurement, maintenance, and operations teams.
• Establish inventory performance dashboards and key performance indicators.
• Prepare an integrated materials management and inventory optimization roadmap.

Course Outline